… The local pay goes up and down based on the spot cost of labor in a particular market. The way that drivers are going to get paid more is the cost of labor generally goes up, or it goes down. Right now, the cost of labor is fairly steady, and driver pay has been fairly steady. …
… It’s probably in the neighborhood of 50 to 60 percent more to make a toy in the US than it is in Southeast Asia, and that’s a factor of labor. And so you’re saying you would need massive automation to equalize that labor cost to do it here? …
… The company started a long time ago as Underwriters Laboratories. …
… And it’s an established definition in the literature, in labor market economics, for many, many decades. …